The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Watson Farley & Williams has posted a 12 per cent hike in turnover for the 2011-12 financial year, with revenue just shy of £100m.
Turnover at Watson Farley & Williams was £99.8m for the 2011-12 financial year, up 12.3 per cent on 2010-11’s £88.8m. Profit per equity partner at the firm, meanwhile, is expected to be roughly static at around £455,000. In 2010-11 it was £458,000.
In a statement, managing partner Michael Greville, said: “This year’s financial results show a respectable level of growth and, even though we did not quite reach the £100m milestone, we are pleased with this, which reflects the strength of our business model, delivering investment and finance work in our core sectors to a consistently high standard across jurisdictions.
“Our strategy continues to support expansion and during the last financial year we invested significantly, including recruiting 15 lateral partner hires and opening a new office in Hong Kong.
“This level of income represents an increase of over 70% in the four years since April 2008 and is a fitting way to end WFW’s 30th year in business.
Later that month, the firm established a joint venture in Singapore (11 October 2011) and in February 2012 recruited a partner from Goodwin Procter as it finalised its plans to launch an office in Hong Kong (17 February 2012).